London’s commercial property market still ranks as one of the most attractive in the world, says the head of one of Canada’s largest pension funds which is looking for new UK real estate deals.
Blake Hutcheson, chief executive of Ontario Municipal Employees Retirement System (Omers), said the fund, which owns UK investments worth C$10bn (£5.8bn), intends to “buy more” real estate in London.
“We believe in the UK. London is still one of the top five or six cities in the world to invest in for real estate. It will be one of the very best markets over the long-term,” he said. “We have made more money investing in London than any other city in the world. Nothing about Brexit will change our posture.”
Mr Hutcheson was appointed chief executive in June. Omers oversees C$109bn on behalf of more than half a million pension savers across Ontario.
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